Job numbers on both sides of the border have thrown rate expectations for a bit of a loop. Nowhere is that more evident than in the 4-year swap market, which we refer to as a rough indicator of base fixed-mortgage funding costs.

Job numbers on both sides of the border have thrown rate expectations for a bit of a loop. Nowhere is that more evident than in the 4-year swap market, which we refer to as a rough indicator of base fixed-mortgage funding costs.